Richmond welcomes two more casino proposals

By Ucatchers

Golden Nugget Hotels & Casinos and Wind Creek Hospitality, affiliated with an Alabama Indian tribe, participate in the race for a casino in Richmond, Virginia.

Golden Nugget’s proposal is for a $ 400 million casino project about six miles from downtown and Wind Creek Hospitality is proposing a $ 541 million project on the south side of the city.

According to a press release, Golden Nugget’s proposal is for a 950,000-square-foot facility.

It would include a 177-room hotel with 37 suites, a casino 93,000 square feet, a space for events of 16,000 square feet, a concert hall of 1,500 seats and at least six restaurants, including Morton’s The Steakhouse, and four outlets.

A pool complex would include a lazy river and cabanas. The company estimates that 1,200 jobs and its completion would take about three years after approval.

Meanwhile, the Wind Creek proposal would include 100,000 square feet of gaming space, 2,500 slot machines and 120 table games, as well as more than 500 hotel rooms in two towers.

The project would also include an entertainment center of 67,000 square feetas well as a spa, an indoor pool, a gym and seven food and beverage areas.

The casino would be on two plots in Ingram Avenue near the Oak Grove and Manchester neighborhoods on the south side of the city, 27.8-acre and 18.8-acre parcels owned by Richmond-based City Central LLC with tobacco warehouses.

The company currently owns seven other casino complexes, as well as a gaming website for the Poarch Band of Creek Indians and race tracks in Alabama Y Florida.

This is the second proposal from an Indian tribe affiliated with Richmond. The Pamunckey Indian tribe of Virginia made the first.

Golden Nugget Proposal

Meanwhile, Golden Nugget promises that if its proposal gets a vote, will donate to various charity programs, including $ 60 million to the Richmond Public Schools, $ 10 million to the Richmond Affordable Housing Trust Fund, $ 1 million to the University of Virginia Union, and $ 30,000 to the Metropolitan Business League, a Richmond-based organization that helps local minority-owned businesses.

Currently, Golden Nugget owns five casinos in the country. It would be part of the shareholding with 5% between two commercial entities certified by Majority Companies in Richmond.

Earlier this week, Richmond officials announced receiving four proposals for a future casino complex. The competing parties are Virginia-based Pamunckey Indian Tribe, Bally’s Crop, Baltimore-based Cordish Companies, and a partnership between Colonial Downs and Maryland-based Urban One Inc.

All the contestant proposals have see you Monday to appear, which is the official deadline. After that, the city will have to assess whether they meet all the submission criteria to enter the race for a future casino complex in Richmond.

The evaluation panel It will be made up of nine members, appointed by Mayor Levar Stoney. They will review the proposals over the next few days, assisted by the consultant hired for the purposes of the project, the Convergence Strategy Group.

The final word will go to the City Council, the Virginia Lottery and local voters, who will vote in a referendum in the fall. Projects need your approval to move forward.

Source: “Golden Nugget, Wind Creek Submits Proposals to Build a Casino in Richmond,” Virginia Business, February 24, 2021

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